Bonds away in Vietnam

Vietnam promises reforms to stoke growth in local bond market.

Vietnam is planning to kick-start its bond market by setting up a credit rating agency and an independent custodian, and is even considering a debut sovereign bond offer says Nguyen Doan Hung, vice-chairman of the State Securities Commission.

At the same time, the finance ministry is also working to develop a benchmark yield curve for government bonds and to boost liquidity in those bonds in the hope that such measures will help pave the way for...